Economist Warns Civil Unrest Rising Everywhere

The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.

The Guardian reported that some 50,000 people marched in London to protest against austerity. They cried: “Who is really responsible for the mess this country is in? Is it the Polish fruit pickers or the Nigerian nurses? Or is it the bankers who plunged it into economic disaster – or the tax avoiders? It is selective anger.”

The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings.

The repeal of Glass Steagall was the final straw that broke the back of the world economy. That was the single worst act that could have ever been done and we are now paying the price in spades. The collapse from 2007 has wiped out even the liquidity of the markets. The second worst act was the creation of the euro when the real goal was the federalization of Europe from the outset. That undermined the entire European banking system and has led to a serious undermining of the entire global economy.

The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.

This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.

A Police State and FEMA Camps in the US. What is being planned in Europe for the masses? War seems to be the usual end game for situations like this. Time will tell.

rockman on Sun, 29th Jun 2014 9:15 pm

Nice for the “economists” to show up for the party even though they are at least a couple of decades late.

Plantagenet on Sun, 29th Jun 2014 9:37 pm

The article is correct that the repeal of Glass-Steagal by BIll Clinton is a big reason for the economic problems with big banks we see today.

Bernd1964 on Mon, 30th Jun 2014 12:48 am

The article doesn’t mention the ruling oligarchy behind the politicians and the banksters.

Dave Thompson on Mon, 30th Jun 2014 1:28 am

The surplus energy is going away, with that the wealth, across the board.

peakyeast on Mon, 30th Jun 2014 3:25 am

Who is RESPONSIBLE!!?!!?

Is it you politicians – no – its the superrich – no – its the military industrial complex !!!

Because it cannot be that my mother got 5 children – since all her friends and my grandmother also got 5 children – and i have 5 children that I desperately need to feed, clothe and educate. Give me MORE !!

HARM on Mon, 30th Jun 2014 3:29 am

“The article doesn’t mention the ruling oligarchy behind the politicians and the banksters.”

The bankers (along with the other plutocrats) *are* the ruling oligarchy.

Newfie on Mon, 30th Jun 2014 4:34 am

Never ending growth is a fairy tale. When adults believe in fairy tales, this is what you get. Cinderella is going to lose her knickers at the end of this story.

Beery on Mon, 30th Jun 2014 5:14 am

If Socialism is to blame for rising unrest, why is it that the unrest didn’t come in the 1950s to the 1970s, when Socialism was at its zenith. Over the last 40 years, Socialism has been in decline under a slew of Neoliberal and Conservative governments in the West. If the growing unrest has any political cause, logically, we’d have to conclude that unrestrained capitalism is more likely the cause.

PrestonSturges on Mon, 30th Jun 2014 10:11 am

Never forget that saving the Fatherland from “socialism” and “class struggle” was one of the main selling points of the Nazis.

Also in the last election the GOP started accusing its critics of economic “envy” which is another Nazi theme.

Beery and PrestonSturges hit the nail right on the head. We have had almost 40 years of neocononomics. Socialism has nothing to do with it!

Davy on Mon, 30th Jun 2014 11:26 am

Here’s my definition of neo-socialism of the new normal:

so•cial•ism

ˈsōSHəˌlizəm

noun
a corrupt political and manipulated economic theory of social organization of the rich and connected that advocates that the means of production, distribution, and exchange should be owned or regulated by the politically corrupt, parasitic financial class, and their revolving door politicians. This social organization is perpetuated globally and protected by the global central banks and military/industrial complex.

synonyms: 1% ers, legal thieves, and cronies

Beery on Mon, 30th Jun 2014 12:15 pm

Surely that’s the definition of capitalism.

HARM on Mon, 30th Jun 2014 1:35 pm

@Beery, exactly. Crony capitalism, fascism, Mafia-statism, neo-liberalism, laissez-faire, freshwater economics, trickle-down… whatever you call it, it has very little to do with democracy or socialism.

A lot of conservatives seem to be confused about what socialism really is, believing it to be synonymous with Soviet totalitarianism or crony capitalism. They believe the current financial Mafia state to be a true expression of “socialism”, when it’s really the antithesis, and a gross perversion of socialism.

Instead of redistributing capital and political power *down* from the privileged unproductive elites to the disenfranchised productive masses (egalitarianism), our system is doing the precise opposite.

Davy on Mon, 30th Jun 2014 2:11 pm

Damn guys I was just trying to pull a “Davy” being somewhat serious but in reality just dry humor. It’s obviously a grand Ponzi scheme that cannot even be defined in normal historical economic terms. IOW peak entropic absurdity

Northwest Resident on Mon, 30th Jun 2014 2:14 pm

Davy, Harm, along the same lines of your discussion:

“Debt today breeds inequality, since some people have access to it at very low interest rates, while others do not. Even if you pay ‘only’ 5% on your mortgage, your bank pays just 0.5%. And that’s merely the beginning. The value of the products of your labor are being distorted, manipulated and eaten alive whole by what others, from behind their luxurious desks, borrow at the flick of a switch and the stroke of trading keyboard. What then is your labor worth? Not much. And its value is necessarily declining.

If money is what you get paid for the work you do, then debt is not money. Or should not be. But the two are sufficiently indistinguishable that you can’t tell the difference. So someone who wants the fruits of your labor can pay you with debt, with something he himself never lifted a finger for. If debt were money, that would not be possible. Nor would it if you could tell the two apart. ”

Hmmmmm … Civil unrest in NOT everywhere. It is mostly in the West and the Western agitated ME and Africa.

I get tired of ‘sensational’ headlines, but I realize that that is the only way they will even get attention in the ad filled West, where, reading is limited to sports and the Kardashian hijinks and any ‘news’ has to be presented in 20 second bits, in easy to understand words.

Davy on Mon, 30th Jun 2014 9:44 pm

Mak, just wait my friend until the P’s erupt in food insecurity violence and your on the next plane home to the US with your tail between your legs!

Makati1 on Tue, 1st Jul 2014 1:19 am

Davy, you are hung up on the Ps and food insecurity. We don’t have 300,000 people per year dying of obesity like the US. How long do you think most Americans will last when the SHTF? the three days (or less) that they have food in their kitchen?

I suspect that the cities here will empty of most Filipinos at the first sign of collapse, just as they leave when a typhoon is scheduled. They will simply go to their family homes in the countryside, as will I. Those that remain in the cities will be the mafia types and the stupid tourists that cannot understand what is happening.

I suggest you do some research on the critical imports of the US and then talk about hurt. Or the drug usage. Or the gun murders, or the illegal drug trade, or the droughts and climate change happening in the US.

As for coming back to the US, you must be kidding! My momma didn’t raise no fools. LMAO

Davy on Tue, 1st Jul 2014 6:30 am

Mak, come now, so smug with your unreality. You are a broken record of deceit. Your methods are “ad hominem” your focal is the American people. If I focus on the P’s it is only to expose your hypocrisy and unfair balance. The issues you decry on the US are very prevalent in East Asia. The central fact of the greatest importance in comparisons of East Asia and North America is food and population. East Asia loses hand down. Give it up Mak, you look more and more like a fool daily.

Mak, here is an example of your hypocrisy and or denial based upon your above US criticism:

http://newsinfo.inquirer.net/168143/un-drug-report-philippines-has-highest-rate-of-shabu-use-in-east-asia
MANILA, Philippines—The Philippines has the highest abuse rate for methamphetamine hydrochloride, or shabu, in East Asia, according to the latest United Nations World Drug Report.
The UN report was cited by the US Department of State in its 2012 International Drug Control Strategy Report, which is posted on the website of the US Embassy in Manila.
The state department also disclosed that 2.1 percent of Filipinos aged 16 to 64 were using shabu, and “domestic consumption of methamphetamine and marijuana continued to be the main drug threats in the Philippines.”

http://en.wikipedia.org/wiki/Food_power
The four main nations that export enough agriculture to be able to exert food power are the United States, Canada, Australia, and New Zealand.[1]…… In the realm of food, The United States remains at the top, unchallenged.[13] The United States has the position of being the largest producer and exporter of food.

PrestonSturges on Tue, 1st Jul 2014 11:11 am

If we ever have large scale unrest in the US, the NSA will realize it spent nearly all its resources on monitoring people that bicycle commute, maintain community gardens, and petition against the death penalty. Oh and the Quakers – the federal government is obsessed with the Quakers.